1. The annual depreciation taken on a vehicle totals $4,500The vehicle has been in service for two full years and the adjusting entries have been completed for the yearthe end of the second year, the balance in the Depreciation Expense account is and the balance in the Accumulated Depreciation account is $ 2. Eagle Company reported Salaries and Wages Payable of $825 at the beginning of the year and $2.650 at the end of the yearThe income statement for the year reported Salaries and Weges Expense of $57700How much cash was paid for and wages during the year? 3. Corporation pays income tax at an average rate of 40 percent. This year its revenue is \$128,000 and its expenses are $84,000The adjusting entry to record the income tax expense will 4. Ridge Crest Company has beginning Retained Earnings of \$32,000, ending Retained Earnings of $38,000, and net income of $20,000What was the amount of dividends declared during the year?
1. The annual depreciation taken on a vehicle totals $4,500The vehicle has been in service for two full years and the adjusting entries have been completed for the yearthe end of the second year, the balance in the Depreciation Expense account is and the balance in the Accumulated Depreciation account is $ 2. Eagle Company reported Salaries and Wages Payable of $825 at the beginning of the year and $2.650 at the end of the yearThe income statement for the year reported Salaries and Weges Expense of $57700How much cash was paid for and wages during the year? 3. Corporation pays income tax at an average rate of 40 percent. This year its revenue is \$128,000 and its expenses are $84,000The adjusting entry to record the income tax expense will 4. Ridge Crest Company has beginning Retained Earnings of \$32,000, ending Retained Earnings of $38,000, and net income of $20,000What was the amount of dividends declared during the year?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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1. The annual depreciation taken on a vehicle totals $4,500The vehicle has been in service for two full years and the adjusting entries have been completed for the yearthe end of the second year, the balance in the Depreciation Expense account is and the balance in the Accumulated Depreciation account is $
2. Eagle Company reported Salaries and Wages Payable of $825 at the beginning of the year and $2.650 at the end of the yearThe income statement for the year reported Salaries and Weges Expense of $57700How much cash was paid for and wages during the year?
3. Corporation pays income tax at an average rate of 40 percent. This year its revenue is \$128,000 and its expenses are $84,000The adjusting entry to record the income tax expense will
4. Ridge Crest Company has beginning Retained Earnings of \$32,000, ending Retained Earnings of $38,000, and net income of $20,000What was the amount of dividends declared during the year?
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